Why Dubrovnik?
Encased in impressive fortifications, the Old Town of Dubrovnik, with its Baroque buildings and smooth limestone streets, is framed by thickly wooded hills and the glorious blue of the Adriatic, its source of power for centuries. Founded in the seventh century, Dubrovnik was once one of the Mediterranean's wealthiest maritime republics. The virtual city-state fought fiercely to maintain its independence from a number of would-be invaders, and in 866-867 it resisted a 15-month siege by the Saracens. The city was a thriving maritime power during the expansion of the neighbouring Ottoman empire in the 15th century, its strategic position on the Adriatic making it an important link between the Ottoman east and Christian west. It was during its Golden Age in the 16th and 17th centuries when many of its most impressive buildings, churches and monasteries were built.
As well as a wander around its tiny backstreets, Dubrovnik also has a number of museums, and two Gothic-Renaissance style palaces that are well worth a visit: Sponza Palace, home to the city archive and the Rector's Palace, the former seat of the Dubrovnik Republic's government. Here, the Cultural Historical Museum has decorated rooms with old portraits and furniture on display. The Franciscan Monastery also has a small museum and a pharmacy, which has been open since 1317.
A comfortable bed
The Pucic Palace, Od Puca 1 (www.thepucicpalace.com; 00 385 2032 6222; double rooms from €369 [Dh1,942] per night) is one of only two hotels within the old walls. Once home to a wealthy merchant prince, this 17th-century Baroque building was recently renovated as a boutique hotel. The bathrooms are decorated with Italian mosaic tiles and porcelain-lined copper baths, and there's al fresco evening dining in the restaurant, Defne.
Just outside the city walls, the Excelsior Hotel (Frana Supila 12; www.alh.hr; 00 385 2043 0830, double rooms from €293 [Dh1,537] per night) overlooks the Old Town and the Adriatic. During its 98-year history, this five-star has hosted everyone from Queen Elizabeth, King Olaf and Jean-Paul Sartre to Elizabeth Taylor and Edward Kennedy. Renovated in 2008, rooms have Wi-Fi and flatscreen TVs. The waterside terrace is a great place to soak up the sun or for romantic but informal sunset dining, with views of the Old City and the island of Lokrum.
For something more exclusive and private, Villa Agave (Frana Supila 12; www.alh.hr; 00 385 2043 0834) is a luxury hideaway on a cliff overlooking the sea and the Old Town a five-minute walk away. Once owned by a famous archaeologist, the three-bedroom villa has a study, four-poster beds, five outdoor terraces, a small pool and steps down to the sea. Reserved through the Excelsior Hotel, the villa can come with a private butler, chef or limousine, features loved by celebrity guests who include Kevin Spacey and Morgan Freeman. It costs from €4,500 to €7,000 (Dh23,610 to Dh36,850) per night.
Find your feet
Pile Gate is the drop-off place for cars, taxis and buses and is where you'll find the tourist office. For a sense of the city's layout, allow a couple of hours to walk around the city walls (admission 70 Croatian kuna [Dh50]) from just inside Pile Gate. Nearly 2km long, the walls are between 3m and 9m thick and up to 25m high, with sheer drops down into the sea. Dubrovnik was extensively damaged by shelling in a seven-month siege in 1991-1992 during the Croatian War of Independence. However, it has gradually been restored, as the view over the mix of new and old terracotta-coloured roofs shows. From this vantage point you can also see into streets below, into gardens or even through the odd open window.
The cable car, which reopened last June, is just outside the north city (Buža) entrance. It takes three minutes to climb Mount Srd just behind the city (73 kuna [Dh52]). There is a cafe and viewing platform at the top and coastal views range up to 60km on a clear day.
Book a table
Dubrovnik's cuisine has Italian and eastern influences, including everything from risottos to spicy goulashes. Not surprisingly, seafood is a speciality and the restaurant Proto (00 385 2032 3234; main courses from 74 kuna to 110 kuna [Dh51 to Dh78]) uses the recipes of Dubrovnik fishermen as a base to create tasty dishes such as Lobster Ponta Oštra - stuffed lobster gratin with wild rice risotto, truffles and mushrooms. Marco Polo (00 385 2032 3719; main courses from 66 kuna to 95 kuna [Dh47 to Dh67]) is hidden away in a tiny courtyard near St Blaise's Church - try the black risotto made from octopus ink. Gils (00 385 2032 2222) is a little more expensive, with mains such as veal fillets with polenta, goat's cheese, truffle and port, or chicken with carbonara ravioli and quail egg costing from 184 kuna to 220 kuna (Dh131 to Dh157), but has a chilled out vibe and sea views.
Meet the locals
The morning Green market on Gundulic's Square (open from 6am to noon, Monday to Saturday) is where you'll find residents buying and selling fresh produce such as cheeses, perfumes and aromatic oils. Lavender, dried fruits and dried-orange candy are specialities. For people-watching, try the elevated stone terrace outside the city cafe, Caffe Gradska Kavana (Pred Dvorum 1; hot drinks from 12 kuna [Dh9]), where residents meet and greet over morning coffee.
Shopper's paradise
Dubrovnik is a Unesco World Heritage Site so there aren't any gaudy signs to advertise shops, but you'll still find designer boutiques, craft shops and jewellers on Stradun and its side streets. Gold is popular and jewellery is sold by weight. The jewellery characteristic of the area, Morcic or Mori, is a black enamelled good-luck charm depicting a man's head with a turban. The original image is said to have been inspired by the Moors but it is also claimed that the jewellery was worn to commemorate victory over the Turks in the 16th century. Other local specialities are olive oil, ceramics and embroidery.
What to avoid
During summer, visiting cruise-ship passengers can crowd the city. Try to explore in the afternoon or evening when they have left.
Don't miss
On the sea side of the Old Town, walk around the backstreets and you'll find a small sign saying "Cold Drinks". Follow it to find the Buza Bar through a hole in the city walls. Here, outdoor tables are set on a tiny cliff-side terrace with steps down to the sea. This is where those-in-the-know - locals and tourists - gather to watch the sun go down with a cold lemonade.
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars
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FINAL LEADERBOARD
1. Jordan Spieth (USA) 65 69 65 69 - 12-under-par
2. Matt Kuchar (USA) 65 71 66 69 - 9-under
3. Li Haotong (CHN) 69 73 69 63 - 6-under
T4. Rory McIlroy (NIR) 71 68 69 67 - 5-under
T4. Rafael Cabrera-Bello (ESP) 67 73 67 68 - 5-under
T6. Marc Leishman (AUS) 69 76 66 65 - 4-under
T6. Matthew Southgate (ENG) 72 72 67 65 - 4-under
T6. Brooks Koepka (USA) 65 72 68 71 - 4-under
T6. Branden Grace (RSA) 70 74 62 70 - 4-under
T6. Alexander Noren (SWE) 68 72 69 67 - 4-under
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MATCH INFO
Champions League last 16, first leg
Tottenham v RB Leipzig, Wednesday, midnight (UAE)
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LA LIGA FIXTURES
Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)
Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)
Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)
Monday Eibar v Valencia (midnight)
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Manchester United v Club America
When: Thursday, 9pm Arizona time (Friday UAE, 8am)
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Expert input
If you had all the money in the world, what’s the one sneaker you would buy or create?
“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett
“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche
“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox
“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite
“I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy
“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059